English and Spanish Dictionary, Thesaurus and Spanish to English Translator

Meaning of double-entry in English:

double-entry

adjective

Denoting a system of bookkeeping in which each transaction is entered as a debit in one account and a credit in another.

‘The general statements formulated by these companies followed not the double-entry system, but the Venetian style of credits and debits.’

‘The idea behind a double-entry system is that there is a debit from an account and a credit to an account for each transaction.’

‘This process led ultimately to the advent of the full double-entry system of accounting that has been a fundamental support to the management and study of business for over five hundred years.’

‘Yet, the research reported here adds to other recent findings which suggest that Spain was one of the most important promoters of the double-entry system of accounting.’

‘These documents include accounting records which appear to offer some vital clues relevant to the emergence of the double-entry system of accounting.’

‘That's the beauty of the double-entry bookkeeping system.’

‘The study provides a fourteenth century illustration of the emergence of an ante double-entry system which only partially secured equality between the debits and credits of transactions.’

‘This system showed several ideas that with further development would allow Italian accounting records to move on to the formulation of the double-entry system.’

‘However, he is concerned that only financial measures can be recorded in this manner, leaving other important attributes to be captured outside the double-entry system.’

‘Undoubtedly, this increasingly common practice was a precursor to the widespread adoption of the double-entry system.’

‘In this sense, it is also a liability, ‘a double-entry system’, a continued exchange of favours between the two parties involved.’

‘On several occasions, the three commissioners vindicated, justified and defended the double-entry system.’

‘In addition, there was a further rationale for the application of the double-entry system to the possessions of the deceased.’

‘This was a primitive double-entry system with two main advantages.’

‘This paper presents an analysis of the development of this accounting system and the accounting practices associated with the implementation of the double-entry bookkeeping system.’

‘Accordingly, it seems unlikely to have been a coincidence that the first application of the double-entry bookkeeping system took place at a time when he was closely involved with the House.’

‘She was appalled to discover that the accounting system did not even run to double-entry book keeping and refused to sign off the 2001 accounts.’

‘After several unfruitful attempts to exercise greater control over his revenue streams, the King finally introduced reforms in 1788 to both centralise the Treasury and to use double-entry bookkeeping.’

‘Just as businesses use the processes of double-entry bookkeeping, internal audits, and external audits to secure their financials, businesses need to use a series of security processes to protect their networks.’

‘He makes insightful and bold observations, noting that many studies in accounting history have focused too narrowly on the search for the origin of double-entry bookkeeping.’